The 2nd conference of the Shariah committees of the Central Bank of Somaliland and the country’s financial institutions opened in Hargeisa on Saturday.
The conference was attended by officials of the Central Bank, private banks, money changers associations, and some of the country’s clerical and associated scholars discussed the importance of making financial laws based on Sharia.
The Director General of the Central Bank, Mohamed Qasim Hussein, who spoke at the meeting, said that whenever the financial system is applied according to Sharia, progress is always achieved.
The Governor of the Central Bank, Eng Ali Abdillahi Dahir, noted the bank’s satisfaction in holding the meeting.
“Without abandoning our laws and Islamic investiture, we must facilitate access to investment”, he said.
Some of the country’s scholars who spoke at the meeting said;
“The practice of Sharia has an important role in the development of our economy”, noted Sheikh Almis Yahya.
“Our society must strive to be productive”, said Sheikh Mohamed Sheikh Mohamed Omar Dirir.